India’s mutual fund industry has reached a new milestone with silver exchange-traded funds (ETFs) crossing the ₹1 lakh crore mark in assets under management (AUM). The surge highlights growing investor confidence in silver as a financial asset beyond its traditional role in jewellery and industry.
Nippon India Mutual Fund Leads
Nippon India Mutual Fund has emerged as the clear leader, managing ₹47,392 crore, nearly half of the total silver ETF AUM. Its dominance reflects strong retail and institutional participation.
ICICI Prudential and HDFC Follow
ICICI Prudential Mutual Fund ranks second with ₹23,579 crore, while HDFC Mutual Fund holds third place at ₹6,074 crore, showing steady growth in investor interest.
SBI and Kotak in Top Five
SBI Mutual Fund, with ₹4,747 crore, and Kotak Mahindra Mutual Fund, at ₹3,379 crore, complete the top five, supported by their wide distribution networks.
Other Key Players
Aditya Birla Sun Life (₹2,895 crore), Tata Mutual Fund (₹2,883 crore), DSP Mutual Fund (₹2,172 crore), Axis Mutual Fund (₹1,473 crore), and UTI Mutual Fund (around ₹1,200–1,400 crore) round off the list.
Silver ETFs Gain Popularity
Silver ETFs allow investors to track silver prices without physically owning the metal. Easy trading on stock exchanges and the appeal of diversification have made them a preferred choice.
With total AUM crossing ₹1.13 lakh crore, silver ETFs are now firmly established as a mainstream investment option in India.
